IMF urges mid-term plan for Japan debt reduction

DAVOS, Switzerland

International Monetary Fund chief Christine Lagarde speaks during a news conference at a hotel in Cocody, Abidjan January 8, 2013.

Reuters/ Thierry Gouegnon

DAVOS, Switzerland The head of the International Monetary Fund called on Saturday for Japan to put forward a medium-term plan to reduce its public debt after this week's bold monetary and fiscal stimulus measures.

IMF Managing Director Christine Lagarde told the World Economic Forum in Davos: "Japan has made very important decisions. We are very interested in these policies. We would like them to complement it with a mid-term plan on how the debt would be reduced."